110-carat 'Sun Drop' diamond fetches $10.9 million at auction

A 110-carat yellow jewel called the Sun Drop Diamond, considered the biggest of its kind in the world, sold for 10 million Swiss francs (S$10.9 million) at auction in Geneva, Sotheby's announced Tuesday. -- PHOTO: AP GENEVA (AFP) - A 110-carat yellow jewel called the Sun Drop Diamond, considered the biggest of its kind in the world, sold for 10 million Swiss francs (S$10.9 million) at auction in Geneva, Sotheby's announced Tuesday. 'Ten million francs (S$14.12 million). Sold!", said Sotheby's David Bennett before about 150 people gathered for the sale at a luxurious Geneva hotel. The sale price was slightly less than the estimations of experts who had valued the yellow diamond at between US$11 and 15 million (S$14.2 to 19.4 million). Gemologists have certified the pear-shaped jewel as 'Fancy Vivid Yellow', the rarest and most desirable colour for a yellow diamond, Sotheby'...